If you still REALLY want to do that, you have to wait until a SOLID bottom is formed. However, once there ... then what? This company has to show some leadership, direction, and a plan which it has not shown. Why trust a company that announces a $26M deal and never mentions it again (or who it is/was with).
If it were me (I got out a year ago, was waiting for a bottom to form that never happened, and therefore never found my re-entry point), I'd get out, take my loss, and move on. Sorry you took a loss.
Sentiment: Strong Sell
dont average down. you are throwing away good money after bad. this will take a long long time to make the price go up b/c every little move up will meet resistance from people waiting to get out. sell and put your money to work positively. just my 2 cents.
Owned large at $3.63 and just averaged down at $2.32....Made money four times big on this one after sell offs and I don't expect this one to be any different in the long term. Back to $5 sometime in 2013.
I completely agree with you, just know that q1 and q2 will be painful. There has got to be a dilution somewhere in the next few months and then an additional 10% drop even after that... Then its time to pay the piper with pennies and see what happens...
you should hold off at least for the moment - the company might avoid bankruptcy by raising capital but this again will have a negative effect on the share price. I wouldn't put any further money to work until management has proven that the new business strategy works - but any light on this topic might be 12 months away.
Jack, this is too soon to make any decisions on this stock. The AH is a pre trial tomorrow is the blizzard and no one knows how long it will last. I would say wait and dont get too tempted knowing you are sitting on a loss already. lock it in and just wait till market is conscience again.
great answer afterhours market is a great response tomorrow, but i will say from the price action just from tonight 2.30 is bottom for tonight . Tomorrow is different like the poster said. I am long and holding no more ave down. I took the bait and got slammed.